High-Margin, Asset-Light Digital Core with Strong Operating Leverage.
Diversified and Resilient Revenue Architecture.
Profitability Track Record with Strong Capital Discipline.
Scaled, Proven and Monetizable Education Platform with National Reach.
Deep Government, Institutional and Regulatory Execution Capability.
Proprietary Content Library with Long Economic Life and AI SaaS Optionality.
Established 9+ Year Brand with Strong Distribution Moat.
High-Demand, Future-Ready Course Portfolio Driving Long-Term Growth.
We do not own any of the properties from which we operate. If we are unable to renew our current leases or if we renew them on terms which are detrimental to our Company, we may suffer a disruption in our operations or increased relocating costs, or both, which could adversely affect our business, results of operations, cash flows and financial condition.
Our Company had negative cash flow in the financial year ended on March 31, 2026, March 31, 2025 and March 31, 2024 details of which are given below. Sustained negative cash flow could impact our growth and business.
We derive a significant portion of our revenues from the sale of our services in certain key states. Our revenues from Uttar Pradesh constituted 42.60%, 46.86% and 57.16% of our total revenue from operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Revenues from Rajasthan accounted for 24.00%, 23.21% and 0.76% during Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, while revenues from Maharashtra contributed 26.76%, 29.71% and 42.03% during the same periods. In addition, revenues from Haryana constituted 5.64% of our total revenue from operations in Fiscal 2026, while revenues from Karnataka constituted 0.62% during Fiscal 2026. Consequently, a substantial portion of our revenues is geographically concentrated in these states. Any adverse developments, including changes in state-specific regulations, economic conditions, political instability, natural calamities, or disruptions affecting our operations in such regions, could have an adverse impact on our business, results of operations, financial condition and cash flows.
Our success depends on our ability to attract and retain students. Any failure to do so could adversely impact our business, reputation, financial conditions and cash flows.
Certain media reports have incorrectly referred to Suniel Shetty as an investor in our Company, which may lead to misinterpretation and impact investor perception.
There have been certain instances of non-compliances in respect of ROC related filing or payments.
We have generally complied with applicable statutory filing and payment requirements, except for certain delays in filing and payment of GST dues in a few cases whose details have been explained below.
Our success depends on our ability to attract and retain faculty members. Any failure to do so could adversely impact our business, operations, financial condition and cash flow.
Failures or disruptions in our information technology systems, digital platforms and OTT application could adversely affect our education delivery, operations and financial performance.
We are dependent on our key employees and senior management, and any inability to attract or retain such personnel could adversely affect our business and financial performance.
